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Author Question: Caesar's Coffee Company has a $9,000 credit balance in Paid-In Capital - Treasury Stock. It sells ... (Read 106 times)

NguyenJ

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on: Feb 18, 2020
Caesar's Coffee Company has a $9,000 credit balance in Paid-In Capital - Treasury Stock. It sells 4,500 shares of treasury stock, which the company reacquired at $35/share for $29/share. The journal entry to record this sale is:
◦ debit Cash $130,500, debit Paid-In Capital - Treasury Stock $9,000, debit Retained Earnings $18,000, credit Treasury Stock $157,500.
◦ debit Cash $130,500, debit Paid-In Capital - Treasury Stock $27,000, credit Treasury Stock $157,500.
◦ debit Cash $157,500, credit Treasury Stock $157,500.
◦ debit Cash $157,500, credit Paid-In Capital - Treasury Stock $27,000, credit Treasury Stock $130,500.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by NguyenJ on Feb 18, 2020

aprice35067

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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NguyenJ

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Reply 2 on: Feb 18, 2020
Excellent

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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